Union Budget 2026: What gets cheaper and costlier

Union Finance Minister Nirmala Sitharaman on Sunday announced in Union Budget 2026-27 that select outward remittances will get cheaper with Tax Collected at Source (TCS) on overseas tour packages and education and medical remittances cut to 2 per cent.

Earlier, overseas tour packages used to attract TCS at 5–20 per cent while overseas education and medical remittances (LRS) were taxed 5 per cent at source.